Foraco International SA (TSE:FAR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.32 and traded as high as C$2.49. Foraco International shares last traded at C$2.37, with a volume of 11,021 shares trading hands.
Analysts Set New Price Targets
Separately, Desjardins set a C$4.25 price objective on shares of Foraco International and gave the stock a "buy" rating in a report on Tuesday, December 3rd.
Check Out Our Latest Stock Analysis on Foraco International
Foraco International Stock Performance
The company has a market capitalization of C$225.77 million, a PE ratio of 5.59 and a beta of 1.25. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 111.75. The business's fifty day moving average is C$2.27 and its two-hundred day moving average is C$2.32.
Foraco International (TSE:FAR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.08 by C$0.03. Foraco International had a return on equity of 33.87% and a net margin of 8.87%. The firm had revenue of C$105.94 million for the quarter. Equities research analysts predict that Foraco International SA will post 0.5984655 earnings per share for the current year.
About Foraco International
(
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Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration.
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